StockNews.com initiated coverage on shares of Xcel Brands (NASDAQ:XELB – Free Report) in a report published on Saturday. The firm issued a sell rating on the textile maker’s stock.
Separately, Sidoti raised Xcel Brands to a “hold” rating in a research report on Friday, January 31st.
Check Out Our Latest Report on Xcel Brands
Xcel Brands Price Performance
Xcel Brands (NASDAQ:XELB – Get Free Report) last announced its earnings results on Friday, December 20th. The textile maker reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.06. Xcel Brands had a negative return on equity of 19.20% and a negative net margin of 236.80%. As a group, research analysts expect that Xcel Brands will post -0.23 EPS for the current year.
Institutional Investors Weigh In On Xcel Brands
A hedge fund recently raised its stake in Xcel Brands stock. Summit Trail Advisors LLC raised its holdings in shares of Xcel Brands, Inc. (NASDAQ:XELB – Free Report) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,452,593 shares of the textile maker’s stock after buying an additional 210,000 shares during the quarter. Summit Trail Advisors LLC owned about 10.37% of Xcel Brands worth $1,248,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 18.55% of the company’s stock.
Xcel Brands Company Profile
Xcel Brands, Inc, together with its subsidiaries, operates as a media and consumer products company in the United States. The company designs, produces, markets, wholesales, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the LOGO by Lori Goldstein, the Judith Ripka, the Halston brand, the C Wonder, the TowerHill by Christie Brinkley brand (the CB brand), and other brands, as well as manages the Longaberger brand.
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